2015 seems like a good year for hoarding silver

Discussion in 'Commodities Forum' started by SamClemensMT, Dec 30, 2014.

  1. Susimi

    Susimi Senior Investor

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    I have to admit that the price of it is appealing if you want physical bars of the stuff and I think people wanting to get into collecting precious metals will start to veer in the direction of Silver first of all because of it's price.
     
  2. Xauras

    Xauras Well-Known Member

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    I think you are right.

    I also like the fact the governments supply dried up last year after 40 odd years and are now unable to supply the Silver market with the physical. But the paper market is where price is set and while there are over a hundred paper claims per each oz of silver it is way out of kilter and I think derivatives have been hugely used to repress the silver price. And as such when it falters the upside in Silver will be quite appreciable.
     
  3. Douggler

    Douggler Member

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    I’m extremely skeptical about the precious metals. My Dad got swept up in this when it was trading around $45/oz. He, and the so called experts he follows have been saying what a great buying opportunity it’s been ever since. Yet here he is with only about a third of the value he started at. Metals are too volatile if you ask me, far too prone to speculation.
     
  4. Xauras

    Xauras Well-Known Member

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    Yes!...They are not for everyone.

    And for those who are keen, timing is key. I started buying in 2004 and added as I went along up until 2007 so am still in profit despite the drop of 72.5% from $49.82 - $13.91 for Silver Lol. Although Gold has fared better since 2011... but it needs to be appreciated it didn't have the huge 10-Bagger upside that silver has had. Gold went from my $400 -$1900 (less than a 4-Bagger). And dropped 42% from its 2011 high.

    I am not interested in cashing in as I view the metals as real money and my 16.5% portfolio holdings is an insurance against economic/currency instability devaluation and even collapse. I am actually thinking of adding to my holding when I have sold other assets and hope the price for Silver will still be under $16 when I do.

    And ironically despite the carnage it still has performed better than all other assets since 2004. I can see huge potential and am keen to hold and even increase my % as I say.
     
  5. Susimi

    Susimi Senior Investor

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    I've always looked on stuff like gold and silver as a long term investment.

    In the case of bullion bars and coins they seem more like something to collect these days primarily with the different varieties on the market now and as an investment secondary, or as some sort of insurance should you fall on seriously hard times.

    That's the way I've been looking at it.
     
  6. Xauras

    Xauras Well-Known Member

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    I think currencies such as the USD GBP etc are on their way to zero. All fiat currencies throughout history have become worthless in the end due to mis-management by the comptrollers. The USD has lost 97% of its value in the last hundred years or so, and if it loses its reserve status due to the US debt ceiling being non-existent now, it will quickly lose half of its remaining value.

    So I am doing what the Central Banls China Russia European countries and India are doing ...Buying when its on offer.
     
  7. Xauras

    Xauras Well-Known Member

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    I have started posting my charts on twitter look up SaharasCharts to see them
     
  8. JulianWilliams

    JulianWilliams Well-Known Member

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    I think the price is going to keep falling this year, specially with the dollar being so strong. The price of fuel has dropped as well, which means extraction costs are going to be lower as well. I'd stay away from putting money into metals this year.
     
  9. anders

    anders Well-Known Member

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    Depends on your reason for buying it. "Preppers" and the like will buy it as a physical item, usually because they believe it'll be valuable as a barter currency when, and if, the normal structures of society break down.

    If you're just looking to trade the price of the commodity then you don't need to have the metal in your physical possession. Don't forget, there's plenty of additional costs in actually shipping and storing the bullion which will decrease your profit margin if you wish to sell it on, so in many ways just having a "paper" stock is sometimes the most economically efficient thing you can do.
     
  10. Gazoo3000

    Gazoo3000 Well-Known Member

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    There is a great silver ETF I play:$SVMLF.

    I bought at $1.10 and sold at $2.25. Now silver is headed back down. Will pick it up again at .70 and sell at ?... Nice and cheap which is rare for ETFs.
     

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